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L&T surges as its arm bags new orders worth Rs 1,423 crore

30 Sep 2014

Larsen & Toubro is currently trading at Rs. 1492.00, up by 24.55 points or 1.67% from its previous closing of Rs. 1467.45 on the BSE.

The scrip opened at Rs. 1466.80 and has touched a high and low of Rs. 1496.00 and Rs. 1463.75 respectively. So far 91878 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1774.70 on 09-Jun-2014 and a 52 week low of Rs. 777.10 on 01-Oct-2013.

Last one week high and low of the scrip stood at Rs. 1527.00 and Rs. 1435.35 respectively. The current market cap of the company is Rs. 138367.00 crore.

The institutions and non-institutions held 56.18% and 41.49% stake in the company, respectively.

L&T Construction, the construction arm of Larsen and Toubro (L&T) has won new orders worth Rs 1,423 crore across various business segments in September 2014. In Power Transmission & Distribution Business, the company has bagged three major orders including additional orders from on-going jobs worth Rs 792 crore.

Meanwhile, in Heavy Civil Infrastructure Business, the company has received orders worth Rs 631 crore from the Lucknow Metro Rail Corporation for the construction of the Lucknow Metro. L&T's scope includes construction of the priority section (Package LKCC 01) in the North South Corridor - 8.5km elevated viaducts and 8 elevated stations. The project was won against stiff competition and is scheduled to be completed in 24 months.

Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.


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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323